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  • A fire crew takes shelter behind an engine as the Sherpa Fire advances at El Capitan State Beach in Santa Barbara, California.

    Evacuation orders remained in place for nearly 1,500 homes near a wildfire north of L.A., after the blaze nearly doubled in size, NBC reports.

  • "Investors and certified analysts are trying to figure out how much underlying margins will shrink, going forward," Amit Kumar, an analyst at Macquarie Research, told Reuters. Insurers have also been hit by claims stemming from hail storms in Texas, earthquakes in Japan and Ecuador and floods in Europe during the quarter. Pre-tax catastrophe losses, net of...

  • Travelers said its second-quarter earnings were hit by a series of weather-related and other natural disasters, including the Fort McMurray wildfires in Canada's Alberta oil sands region. Insurers have also been flooded with claims stemming from hail storms in Texas, earthquakes in Japan and Ecuador as well as floods in Europe. Travelers' net income fell 18...

  • Travelers said its earnings were hit by a series of weather-related and other natural disasters, including the Fort McMurray wildfires in Canada's Alberta oil sands region. Hail storms in Texas, earthquakes in Japan and Ecuador and floods in Europe also hit insurers during the quarter. Travelers' net income fell to $664 million, or $2.24 per share, in the second...

  • SYDNEY, July 20- Ken Brinsden rode Australia's iron ore boom up and then down as head of Atlas Iron. Tesla Corp said in May it plans to build 500,000 new electric cars a year by 2018 and lithium will be the key element in that expansion. Far East Capital fund manager Warwick Grigor likens Australian lithium stocks to a "crapshoot" and a "casino for uneducated investors.

  • LONDON/ ABU DHABI, July 14- Many areas of Yemen are close to famine partly because importers are unable to buy new food stocks from abroad as over $200 million is stuck in banks due to the civil war disruption, trade and aid sources involved say. Western banks had already cut credit lines for traders shipping food to Yemen, fearing they would not be repaid due to the...

  • Multiple weather events in the United States, which included hail storms in Texas, earthquakes in Japan and Ecuador, floods in Europe and wildfires in Fort McMurray in Canada were among the natural catastrophes covered in the company's loss estimate. The Zurich- based insurer said on Tuesday it expects pre-tax losses to total $390 million in the second quarter,...

  • BEIJING, July 12- Recent natural disasters in China have had a relatively large impact on the economy, Premier Li Keqiang said, according to state radio on Tuesday. In the last few weeks, China has been hit by super typhoon Nepartak and severe flooding, which killed more than 100 people and damaged infrastructure, livestock and agriculture. China will try to...

  • TOKYO, July 12- Japanese Prime Minister Shinzo Abe may have won a landslide victory in weekend elections but the strong yen is threatening to spoil the party as it undermines his economic stimulus policies by hurting the earnings of the nation's exporters and companies who have big overseas operations. Regarded as a safe haven at times of market turmoil such as...

  • TAIPEI, July 8- Super typhoon Nepartak hit Taiwan on Friday, driving thousands of people from their homes, disrupting power supplies and grounding more than 600 flights, authorities said. Television showed toppled motorcycles and signboards being ripped from buildings and swept across roads in southeast Taiwan, where the year's first typhoon made landfall.

  • *Expected to weaken, hit China's Fujian province on Saturday. TAIPEI, July 8- Super typhoon Nepartak hit Taiwan on Friday, driving thousands of people from their homes, disrupting power supply and forcing the cancellation of more than 600 flights, emergency authorities said. By afternoon, the typhoon moved into the Taiwan Strait, weakening as it headed towards...

  • *Expected to weaken, hit China's Fujian province on Saturday. TAIPEI, July 8- Super typhoon Nepartak hit eastern Taiwan early on Friday, driving thousands of people from their homes, disrupting power supply and forcing the cancellation of more than 500 flights, emergency authorities said. Television broadcast images of strong wind and torrential rains brought...

  • TAIPEI, July 8- Super typhoon Nepartak hit eastern Taiwan early on Friday, driving thousands of people from their homes, disrupting power supplies and forcing the cancellation of more than 500 flights, emergency authorities said. Television broadcast images of strong wind and torrential rains brought by the year's first typhoon, whose approach had prompted...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an insurance industry group said on Thursday. The losses far exceed those from the Alberta floods of 2013, which cost about C $1.7 billion in claims, the Insurance Bureau of Canada said in a...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an industry group for the country's insurers said on Thursday. The losses far exceed those from the Alberta floods of 2013, which cost about C $1.7 billion in claims, according to the...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an industry group for the country's insurers said on Thursday. The losses exceed the North American ice storm in 1998 and the Alberta floods of 2013, which both cost about C $1.9 billion,...

  • INSURANCE BUREAU OF CANADA ESTIMATES INSURED LOSSES FROM ALBERTA WILDFIRE C $3.58 BLN, MAKING IT COSTLIEST INSURED NATURAL DISASTER IN CANADIAN HISTORY.

  • TORONTO, July 6- Statistics Canada has not collected jobs data for Fort McMurray since the Alberta city was engulfed by wildfire in May, the federal statistics agency said, and it has not yet decided when the country's key employment survey will resume there. Some 90,000 people were evacuated from Fort McMurray and the surrounding area in early May as an...

  • House in Japan falls off cliff

    Video of a house falling off a cliff in Japan following a heavy rain that triggered a landslide. Residents were evacuated, so no one was injured.

  • Lt. Dennis Feazell, of the West Virginia Department of Natural Resources, rows his boat as he and a co-worker search flooded homes in Rainelle, W. Va., June 25, 2016.

    West Virginia floods could cost agribusinesses more than $10 million in losses, though the exact amount is still being tallied.